Vedanta Ltd

The report described VRL as a financial zombie dependent on cash extracted from its Indian subsidiary to service its debt. Following the report's release, Vedanta shares slipped 3.38% to settle at Rs 440.80, as investors reacted to concerns over the group's alleged financial instability and governance issues. In a clarification issued today, Vedanta dismissed the claims as a malicious combination of selective misinformation and baseless allegations, accusing Viceroy of trying to mislead investors and stir panic for profit. The company said the report simply sensationalizes publicly available information and was published without any attempt to seek clarification from Vedanta. Vedanta further claimed that the timing of the report appears aimed at disrupting its upcoming corporate initiatives. It also pointed out that Viceroy had included broad disclaimers, framing the document as opinion-based and meant for educational purposes, not as statements of fact. Our stakeholders are discerning enough to see through such tactics, Vedanta stated. We remain focused on business and growth, and urge everyone to avoid speculation and unsubstantiated allegations. The Viceroy report had raised red flags about inflated asset valuations, off-balance sheet liabilities, questionable capital allocation, and CAPEX misstatements -- all of which Vedanta has outrightly denied. Vedanta, a subsidiary of Vedanta Resources, is one of the world's leading natural resources, critical minerals, energy, and technology companies, spanning across India, South Africa, Namibia, Liberia, the UAE, Saudi Arabia, Korea, Taiwan, and Japan, with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminum, power, and glass substrate. Vedanta's consolidated net profit surged 154.42% to Rs 3,483 crore while revenue from operations jumped 13.89% to Rs 39,789 crore in Q4 March 2025 over Q4 March 2024. Powered by Capital Market - Live

The Nifty July 2025 futures closed at 25,550, a premium of 73.9 points compared with the Nifty's closing at 25,476.10 in the cash market. In the cash market, the Nifty 50 index fell 46.40 points or 0.18% to 25,476.10. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 2.09% to 11.94. Vedanta, Reliance Industries and Tata Consultancy Services were the top traded individual stock futures contracts in the F&O segment of the NSE. The June 2025 F&O contracts will expire on 31 July 2025.Powered by Capital Market - Live

The selloff was triggered by a detailed report from Viceroy, which called the Vedanta group's structure financially unsustainable and operationally compromised, warning that it poses a significant but overlooked risk to creditors. Viceroy, known for its activist short reports, alleged that VRL has no meaningful operations of its own and survives by extracting capital from Vedanta. This looting erodes the fundamental value of Vedanta, which constitutes the primary collateral for VRL's own creditors, the report stated. The report also accuses the group of indulging in questionable financial practices, including inflated asset values, off-balance sheet liabilities, and capital expenditure misstatements. It flagged governance failures and criticized the proposed demerger plan as a smokescreen that does not resolve the group's deep-rooted cash crunch. Vedanta, which operates in metals, mining, and energy, is the primary cash engine of the group. According to Viceroy, To get the cash it needs, VRL forces Vedanta to declare disproportionately large dividends, funded not by free cash flow but by taking on more debt and weakening its balance sheet. Investor sentiment remained cautious as markets digested the implications of the report. Vedanta, a subsidiary of Vedanta Resources, is one of the world's leading natural resources, critical minerals, energy, and technology companies, spanning across India, South Africa, Namibia, Liberia, the UAE, Saudi Arabia, Korea, Taiwan, and Japan, with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminum, power, and glass substrate. Vedanta's consolidated net profit surged 154.42% to Rs 3,483 crore while revenue from operations jumped 13.89% to Rs 39,789 crore in Q4 March 2025 over Q4 March 2024. Powered by Capital Market - Live

Vedanta announced that the 60th Annual General Meeting(AGM) of the company will be held on 10 July 2025.Powered by Capital Market - Live

Vedanta has fixed 24th June 2025 as the record date for the purpose of payment of dividend.Powered by Capital Market - Live

Vedanta announced that the Board of Directors of the Company at its meeting held on 18 June 2025, inter alia, have recommended the first interim dividend of Rs 7 per equity Share (i.e. 700%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Vedanta will hold a meeting of the Board of Directors of the Company on 18 June 2025.Powered by Capital Market - Live

Vedanta will hold a meeting of the Board of Directors of the Company on 18 June 2025.Powered by Capital Market - Live

Vedanta has fixed 24 June 2025 as record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared. Powered by Capital Market - Live

Vedanta Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 458.55, up 2.34% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.46% on the day, quoting at 25117.25. The Sensex is at 82511.15, up 0.39%. Vedanta Ltd has risen around 5.16% in last one month. Meanwhile, Nifty Metal index of which Vedanta Ltd is a constituent, has risen around 6.43% in last one month and is currently quoting at 9406.45, up 0.86% on the day. The volume in the stock stood at 67.73 lakh shares today, compared to the daily average of 75.42 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 457, up 1.7% on the day. Vedanta Ltd is up 3.25% in last one year as compared to a 7.99% spurt in NIFTY and a 3.15% spurt in the Nifty Metal index.The PE of the stock is 11.34 based on TTM earnings ending March 25.Powered by Capital Market - Live